Archive for July 11th, 2009

Why going to South Africa for the World Cup terrifies me

Saturday, July 11th, 2009

Statistics, anecdotes and research suggest that touring the Rainbow nation as a fan next summer could be a dangerous option. In fact, the 2010 World Cup should have gone to Egypt

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Danny Jordaan… »

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Union ‘regret’ at Sir John Parker’s Anglo role

Saturday, July 11th, 2009

South Africa’s government has welcomed the appointment of Sir John Parker as the new chairman of Anglo American, despite releasing a shortlist of preferred candidates on which he did not appear.

By Garry White
Published: 5:32PM BST 10 Jul 2009
heavy machinery at their Paso Diablo coal mine in Venezuela
Anglo American had considered a number of black… »

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Obama Says Economic Stimulus Worked as Intended

Saturday, July 11th, 2009

July 11 (Bloomberg) — President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.

“It has already extended unemployment insurance and health insurance to those who have lost their jobs in this recession,” Obama, who… »

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Yen Rises Most Since May as Economic View Fuels Refuge Demand

Saturday, July 11th, 2009

July 11 (Bloomberg) — The yen rallied the most against the euro since May and the dollar advanced as speculation the global recovery will be slow encouraged demand for a refuge.

South Africa’s rand and the Australian dollar were among the biggest losers against the yen this week, dropping at least 5 percent as crude… »

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Dow Falls 1.6% in Bumpy Week

Saturday, July 11th, 2009

A profit warning from Chevron and a weak reading of consumer confidence weighed on stocks Friday.

The Dow Jones Industrial Average sank 36.65 points, or 0.5%, to 8146.52, hurt by a 2.7% decline in component Chevron after the oil giant said poor profits at refineries and the financial impact of a weakening dollar will damp the… »

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SA MARKET WRAP: Friday July 10

Saturday, July 11th, 2009

Johannesburg, July 10 (I-Net Bridge) – South African markets ended the week generally weaker on Friday, with little in the way of news or data to provide fresh impetus…. »

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SABMiller announces Eur 1 bln bond issue

Saturday, July 11th, 2009

Johannesburg, July 10 (I-Net Bridge) – Global brewer SABMiller plc (SAB) announces on Friday that it has successfully priced a 1 billion euro note issue under its US$5 billion Euro Medium Term Note… »

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Manuel to launch Medium Term Strategic Framework

Saturday, July 11th, 2009

Johannesburg, Jul 10 (I-Net Bridge) – Minister in the Presidency’s Planning Commission, Trevor Manuel, will launch the Medium Term Strategic Framework (MTSF) to the media in Pretoria next… »

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